Brandon Brittingham's (moorebrittingham) Blog

What is a Loan Modification: A loan modification is where the bank modifies your mortgage payment to a lower payment to try to help you continue to stay in the home. Most loan modifications are temporary but there are some that are offered for the life of your loan. If you are in need of a loan m...

Since I get so many inquiries from consumers asking generally the same questions as it relates to foreclosures and short sales I have decided to do a blog series where I will post two questions every few days. See below the first two questions to start the series:Commonly asked Foreclosure Questi...

Acceptable Types of Hardship in the eyes of a bank when it comes to a short sale: Seeing as one of biggest determining factors when applying for a short sale is a viable hardship, I have taken the time to go over what is commonly accepted by every bank when it comes to hardship. Regardless of har...

See below here are the basic qualifications for a short sale, I hear the question all the time " how exactly do I qualify for a short sale" Although there are a few exceptions this covers the broad base of what all the banks agree on. There are some "grey" areas but this is a basic over view.1. N...

When it comes to a short sale there is a significant amount of confusion on how exactly each process is structured and in many cases there is an assumption that all processes are the same. The reality is that this is not true and depending on the bank and loan type, the processes can differ great...

It seems that there is a significant amount of confusion when it comes to purchasing a short sale. There is a lot of confusion and misconception when it comes to these types of transactions, so below I have provided some information to potential buyers of short sales. If you are looking to purcha...

    foreclosures continue to plague the real estate market nationwide, Salisbury was recently mentioned as one of the top areas in Maryland with loans in default. Recent numbers show that over 9% of mortgages in the city of Salisbury are at least 90 days delinquent. In a normal market the averag...

No, that is not a typo! Banks are now, more than ever offering more incentive for homeowners to participate in a Short Sale. Recently, I have seen Seller’s get up to $30,000 in relocation incentives to participate in a short sale. With all the issues with Robo-signing and the economy still not in...

  Wicomico County Housing Report July 2011 We just got the numbers for the Wicomico County Housing report for July, see below and we will take a few minutes to go through them. UNIT’S SOLD: There was a decrease in total units sold in July, with 60 sold this month in Wicomico County Real Estate v...

Local TV station 16 of Salisbury Maryland stopped by and asked me what I tought about the plan that the government is proposing to sell REO's to investor's to promote affordable rental housing.